On July 24, Cook County Circuit Court Judge Rita A. Novak ruled unconstitutional a pension reform law that took effect on Jan. 1.
The law was aimed at improving the funding of Chicago's pension funds for laborers and municipal workers. Signed by then-Gov. Pat Quinn in June 2014, the law raised employee and employer contributions and reduced retiree cost-of-living adjustments for the $5.1 billion Chicago Municipal Employees' Annuity & Benefit Fund and $1.4 billion Chicago Laborers' Annuity & Benefit Fund.
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